Elon Musk's Tweet Sparks 9.1% Drop in PEPE, PEPETO Raises $5.45 Million

Elon Musk's recent tweet featuring Pepe the Frog has ignited a wave of excitement and speculation within the meme coin community, particularly around the PEPE cryptocurrency. The tweet, which depicted the meme character lighting a cigarette and looking worn out, quickly gained traction across various crypto communities. Holders of tokens like PEPE, BabyDoge, and WIF responded enthusiastically, sharing mascot replies and tying the post’s timing to SpaceX’s Starship explosion in Texas, although no direct link was confirmed.

This renewed focus on PEPE comes at a critical time for the meme token, which has been struggling to maintain a key support level. The tweet has brought a fresh wave of attention to PEPE, which is currently trading around $0.000008743 after a 9.1% drop in the last 24 hours. Market watchers are closely monitoring the coin, with some believing it could retest the $0.0000101 level and potentially move to $0.000012 if sentiment improves. The price action is forming a bullish flag pattern on the 8-hour chart, a structure often seen before upward continuation. The lower end of this pattern is acting as support, and if it holds, buyers may step back in. However, if it breaks, the recent rally could lose momentum. This has traders divided, with some seeing it as a setup for a rebound, while others are waiting for more volume confirmation before making moves.

As PEPE trades sideways, a new contender, PEPETO, has emerged, raising over $5.45 million in presale. PEPETO's current price stands at $0.000000136, and interest is growing rapidly. Unlike many meme coins, PEPETO offers practical tools such as a working cross-chain bridge, a zero-fee exchange, and audited smart contracts. It also provides up to 280% in staking rewards, encouraging holding rather than early selling. This approach is helping PEPETO stand out from meme tokens driven solely by hype.

With meme coin investors looking beyond short-term pumps, PEPETO's roadmap is gaining attention. Several centralized exchange listings are expected soon, adding momentum. This shift indicates a growing appetite for tokens that offer both community appeal and working features. Investors are starting to take PEPETO seriously as a practical option for long-term thinking, with its working staking system, transparent code, and zero trading fees. In contrast, PEPE is holding attention, but traders are waiting for a clear signal before making a move.

Pepeto combines meme appeal with practical blockchain features, focusing on real user tools instead of hype. It offers zero-fee trading, staking rewards, and cross-chain support. With a clear roadmap and strong early backing, Pepeto stands out as a serious contender for those looking at top crypto picks for 2025.